에 대한 최신 뉴스 Cenovus Energy (NYSE:CVE) 주식

Cenovus Energy

Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.

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올해 초부터 S&amp;P 500 내에서 상위 10위 안에 에너지 기업이 3곳 포함되어 있으며, 이는 2023년 에너지 부문의 하향 성과에 비해 상당한 패러다임 전환을 나타낸다.올해 초부터 에너지 주식의 과세익을 이루어낸 가장 중요한 요인 중 하나는 원유 가격의 급격한 상승이다.

2024년 유가가 $90에 도달함에 따라 3개의 에너지 주식이 S&amp;P 500의 상위 10개 주식에 포함

Cenovus Energy Inc

Cenovus Energy Inc Warrants (each warrant entitles the holder to purchase one common share at an exercise price of C$6.54 per share)

Civeo Corp

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EQNR

SHEL

Shares of oil-related companies are trading higher amid new U.S. sanctions towards Russia's energy supply chain.

RBC Capital analyst Greg Pardy reiterates Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) with a Outperform and maintains $28 price target.

News

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on Cenovus Energy, Maintains $28 Price Target

JP Morgan analyst John M Royall highlighted key trends for the North American Integrated Oils sector entering 2025, with updates on forecasts, price targets, and ratings on major companies.
Rating/Price Target Update:
<ul>
<li>The analyst maintained an Overweight rating and a price target of $125 on Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), citing its defensive characteristics in downside scenarios and portfolio of high-value projects in both <a href="https://www.benzinga.com/quote/xom/analyst-ratings" target="_blank" rel="noreferrer noopener">upstream and downstream operations</a>.</li>
<li>JP Morgan remains &#8216;Not Rated&#8217; on Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) due to its involvement in the HES acquisition.</li>
<li>Also, Royall reiterated the Overweight rating on Cenovus Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>), viewing it as a unique execution story with the most <a href="https://www.benzinga.com/quote/cve/analyst-ratings" target="_blank" rel="noreferrer noopener">attractive valuation in the coverage group</a>.</li>
<li>The analyst downgraded the rating for Imperial Oil Limited (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#AMEX">IMO</a>) to Underweight from Neutral, citing its low free cash flow yield and free cash flow to <a href="https://www.benzinga.com/quote/imo/analyst-ratings" target="_blank" rel="noreferrer noopener">enterprise value ratios for 2025-2026</a>.</li>
<li>Apart from this, the analyst maintained Neutral rating on Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) and Suncor Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>).</li>
</ul>
Sector View: Brent crude is expected to average ~$70/bbl in 2025, down from ~$80/bbl+ in 2024 YTD, driven by global supply growth outpacing demand, adds the analyst.
Royall says downstream performance is likely to remain below mid-cycle, with refined product supply and demand growing in tandem.
The analyst upholds an $80/bbl long-term crude price deck and mid-cycle crack spreads for 2026+, while forecasting ~$70/bbl Brent with flat spreads in 2025.
The analyst writes that defensive positioning should dominate in 2026, favoring U.S. companies with stronger free cash flow, balance sheets, and capital returns compared to Canadian peers.
With crude price scenarios ranging +/-$10/bbl around the base case, the downside case of $70/bbl Brent aligns with current strip prices, underscoring downside risks beyond 2026. Consequently, Royall prioritizes defensive names and companies with unique re-rating opportunities for 2025.
Macro Forecasts Update: The analyst updated the macro forecasts and models since the post-earnings review. The fourth-quarter Brent price deck remains at $75/bbl, in line with quarter-to-date levels and the strip, while the 2025 price deck stays at $70/bbl, consistent with J.P. Morgan&#8217;s outlook.
Royall says that higher Western Canadian Select prices and improved downstream cracks have driven a 9% increase in his fourth-quarter EPS estimates.
For 2025, EPS estimates are raised by 8%, also supported by stronger WCS prices. Despite these adjustments, the projections are 3% below Street estimates for fourth quarter and 27% lower for 2025, reflecting the conservative crude price assumptions and refining outlook, adds the analyst.
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Photo via Shutterstock.

Analyst Color

Mid Cap

Upgrades

Downgrades

Trading Ideas

Defensive Oil Stocks To Watch In 2025 Amid $70 Brent Forecast: JP Morgan

Guidance

Cenovus Energy Announces Its 2025 Corporate Guidance; Oil Sands Production Guidance Is 615,000 bbls/d To 635,000 bbls/d

Buybacks

Cenovus Energy Approves Renewal Of Normal Course Issuer Bid To Purchase Up To 127.49M Common Shares During 12-month Period Commencing November 11, 2024 And Ending November 10, 2025.

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Shares of oil and gas companies are trading higher following reports suggesting OPEC+ will delay output increases.

BMO Capital analyst Randy Ollenberger maintains Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) with a Outperform and lowers the price target from $31 to $28.

BMO Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to $28

RBC Capital analyst Greg Pardy maintains Cenovus Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CVE#TSX">CVE</a>) with a Outperform and lowers the price target from C$29 to C$28.

TSX:CVE

RBC Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to C$28

Cenovus Energy shares are trading lower after the company reported worse-than-expected Q3 EPS results.

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) reported quarterly earnings of $0.42 per share which missed the analyst consensus estimate of $0.49 by 14.29 percent. This is a 56.7 percent decrease over earnings of $0.97 per share from the same period last year. The company reported quarterly sales of $14.200 billion which beat the analyst consensus estimate of $13.592 billion by 4.47 percent. This is a 30.68 percent increase over sales of $10.866 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Cenovus Energy Q3 2024 GAAP EPS C$0.42 Misses C$0.49 Estimate, Sales C$14.200B Beat C$13.592B Estimate

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.
Analysts estimate that Cenovus Energy will report an earnings per share (EPS) of $0.54. 
Investors in Cenovus Energy are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
The company's EPS missed by $0.13 in the last quarter, leading to a 5.15% drop in the share price on the following day.
Here's a look at Cenovus Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.52</td>
<td>0.39</td>
<td>0.25</td>
<td>0.71</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.39</td>
<td>0.46</td>
<td>0.29</td>
<td>0.72</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>1.0%</td>
<td>-0.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730300485_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/CVE/earnings">To track all earnings releases for Cenovus Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into Cenovus Energy's Upcoming Earnings

DWSN

Shares of oil and oil-related companies are trading lower after Israel reportedly did not damage Iran's oil sites amid strikes over the weekend.

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MTDR

TRGP

Shares of energy stocks are trading lower as oil prices fall after Israel reportedly indicated it could target military sites in Iran but not oil or nuclear targets.

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) has outperformed the market over the past 5 years by 1.84% on an annualized basis producing an average annual return of 15.83%. Currently, Cenovus Energy has a market capitalization of $32.82 billion. 
Buying $1000 In CVE: If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $2,106.76 today based on a price of $17.68 for CVE at the time of writing.
<h3>Cenovus Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728586836_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,100 Today

CEIX

CIVI

Shares of energy companies are trading lower, pulling back after recently rising amid Middle East tensions. China stimulus uncertainty may also be impacting the demand outlook.

BMO Capital analyst Randy Ollenberger maintains Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) with a Outperform and lowers the price target from $33 to $31.

BMO Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to $31

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) has outperformed the market over the past 5 years by 1.64% on an annualized basis producing an average annual return of 16.18%. Currently, Cenovus Energy has a market capitalization of $32.44 billion. 
Buying $1000 In CVE: If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $2,008.17 today based on a price of $17.48 for CVE at the time of writing.
<h3>Cenovus Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727881396_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Cenovus Energy 5 Years Ago Would Be Worth Today

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Shares of energy companies are trading higher amid heightening Middle East tensions. A report suggests Iran is preparing to directly attack Israel, which could create shocks to the global economy.

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Shares of oil gas companies are trading lower amid reports suggesting Saudi Arabia may raise output.

Athabasca Oil: 2025 Guidance

In a report released on December 20, Lloyd Byrne from Jefferies maintained a Buy rating on Cenovus Energy (CVE – Research Report), with a price tar...

Cenovus Energy (CVE) Gets a Buy from Jefferies

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Bullish option flow detected in Cenovus Energy (CVE) with 6,055 calls trading, 4x expected, and implied vol increasing almost 2 points to 31.36%. J...

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Jefferies analyst Lloyd Byrne assigned a Buy rating to Cenovus Energy (CVE – Research Report) today and set a price target of C$30.00. The company'...

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Management

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Politics

Competition Act amendments silence Canadian businesses taking climate action

Cenovus to hold second-quarter conference call and webcast on August 1

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Cenovus to hold third-quarter conference call and webcast on October 31

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Cenovus Energy announces redemption of Series 3 Preferred Shares

Cenovus announces 2025 capital budget and corporate guidance

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Scotiabank

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National Bank Financial Inc

올해 초부터 S&amp;P 500 내에서 상위 10위 안에 에너지 기업이 3곳 포함되어 있으며, 이는 <a href="https://www.benzinga.com/money/best-energy-stocks">2023년 에너지 부문의 하향 성과</a>에 비해 상당한 패러다임 전환을 나타낸다.
올해 초부터 에너지 주식의 과세익을 이루어낸 가장 중요한 요인 중 하나는 원유 가격의 급격한 상승이다.
U.S. 원유 펀드(United States Oil Fund) (ARCA: <a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/uso" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for USO">USO</a>)가 추적하는 서부 텍사스 중질유(WTI)는 올해 들어 20% 상승했다. 이 상승은 수요 증가, 제한된 OPEC+ 공급 및 중동에서의 긴장 증가(특히 이스라엘과 이란 사이)와 같은 여러 요인의 결합으로 볼 수 있다.
미국 에너지 정보청(EIA)의 최신 예측에 따르면, 2024년 2분기에는 브렌트 원유 현물 가격이 이전 예측보다 2달러 높은 1배럴 당 90달러로 예상된다.
2024년 평균 가격에 대한 예측은 1배럴 당 89달러이다. 이 상승은 이 분기에 국제 원유 재고가 상당히 감소하고 있으며 지속적인 지정학적 불확실성이 예상되기 때문에 EIA가 기대하는 것이다.
또한 소매 휘발유 가격은 2024년에 평균 1갤런 당 3.60달러로 예상되며, 이는 이전 예측인 1갤런 당 3.50달러보다 높다.
2024년 4월 9일 현재, 에너지 선택 섹터 SPDR 펀드(EnergySelect Sector SPDR Fund) (ARCA: <a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/xle" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for XLE">XLE</a>)는 올해 들어 16% 상승하여 다른 모든 S&amp;P 500 섹터를 능가하고 있다.
<h1 class="wp-block-heading">올해 들어서 S&amp;P 500 10대 수익 기업 중 3곳이 에너지 기업</h1>
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<tbody>
<tr>
<td>회사 이름</td>
<td>가격 변동(올해 기준 %)</td>
<td>부문</td>
</tr>
<tr>
<td>슈퍼 마이크로 컴퓨터 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>215.81%</td>
<td>정보기술</td>
</tr>
<tr>
<td>엔비디아 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>70.28%</td>
<td>정보기술</td>
</tr>
<tr>
<td>콘스텔레이션 에너지 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</td>
<td>59.83%</td>
<td>유틸리티</td>
</tr>
<tr>
<td>메타 플랫폼 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>44.88%</td>
<td>통신 서비스</td>
</tr>
<tr>
<td>마라톤 페트롤리움 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>)</td>
<td>42.65%</td>
<td>에너지</td>
</tr>
<tr>
<td>마이크론 테크놀로지 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</td>
<td>42.55%</td>
<td>정보기술</td>
</tr>
<tr>
<td>NRG 에너지 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</td>
<td>39.77%</td>
<td>유틸리티</td>
</tr>
<tr>
<td>웨스턴 디지털 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>38.09%</td>
<td>정보기술</td>
</tr>
<tr>
<td>발레로 에너지 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>)</td>
<td>36.10%</td>
<td>에너지</td>
</tr>
<tr>
<td>다이아몬드백 에너지 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NYSE">FANG</a>)</td>
<td>32.23%</td>
<td>에너지</td>
</tr>
</tbody>
</table>
</figure>
<h1 class="wp-block-heading">2024년 4월 미국 에너지 기업의 수익 발표</h1>
미국 대형 에너지 기업의 2024년 1/4분기 수익 발표 일정은 아래와 같다.
<ul>
<li>2024년 4월 12일 금요일: 킨더 모건 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>)</li>
<li>2024년 4월 19일 금요일: 슐룸베르거 N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>), 우드사이드 에너지 그룹 ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>)</li>
<li>2024년 4월 23일 화요일: 할리버튼 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>)</li>
<li>2024년 4월 24일 수요일: 시노버스 에너지 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>), EQT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>)</li>
<li>2024년 4월 25일 목요일: 발레로 에너지, 헤스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>)</li>
<li>2024년 4월 26일 금요일: 엑슨모빌 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), 쉐브론 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), 필립스 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), 임페리얼 오일(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMO#NYSE">IMO</a>).</li>
<li>2024년 4월 30일 화요일: 마라톤 페트롤리움, 원오크(ONEOK Inc.) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>), MPLX LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>), 다이아몬드백, 카메코 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>)</li>
</ul>
지금 읽기: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38164785/bank-of-america-sees-gold-at-3-000-warns-of-a-copper-supply-crisis-metals-dance-to-">은행 금융의 2024년 3월 수입이 1조달러를 돌파</a>
사진: 셔터스톡

2024년 유가가 $90에 도달함에 따라 3개의 에너지 주식이 S&P 500의 상위 10개 주식에 포함

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Cenovus Energy

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에 대한 최신 뉴스 Cenovus Energy (NYSE:CVE) 주식

화요일, 4월 09, 2024

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